Home    Logon    Research and Commentary    About Us       Call 1.800.621.1675 or Email Us  

Search by Ticker, Keyword or CUSIP       
 
 
First Trust ISE Global Platinum Index Fund (PLTM)
Investment Objective/Strategy - The First Trust ISE Global Platinum Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index call the ISE Global Platinum TM Index.
 
There can be no assurance that the Fund's investment objectives will be achieved.
  • The ISE Global Platinum™ Index is designed to provide a benchmark for investors interested in tracking public companies that are active in platinum group metals mining based on revenue analysis of those companies. PGMs include platinum, palladium, osmium, iridium, ruthenium and rhodium.
  • Issuers of component securities of the index must be actively engaged in some aspect of PGM mining such as mining, refining or exploration.
  • Each component security must have a market capitalization of at least $75 million.
  • The index uses a modified linear weighted methodology adjusted by revenue exposure to PGM production, where component securities are grouped into linearly weighted quartiles and then equally weighted within each quartile. The resulting distribution allows smaller, more PGM focused companies to be adequately represented in the index.
  • Index components are reviewed quarterly for eligibility and any changes in component securities of the index are made after the market close on the third Friday of each March, June, September and December.
Fund Overview
Ticker PLTM
Fund Type Natural Resources
Investment Advisor First Trust Advisors L.P.
Investor Servicing Agent Bank of New York
CUSIP 33737C104
Intraday NAV PLTM.IV
Fiscal Year-End 09/30
Exchange NASDAQ Stock Market
Inception 3/11/2010
Inception Price $30.00
Inception NAV $30.00
Expense Ratio 0.70%
Rebalance Frequency QUARTERLY
Marginable Yes
Options Yes
Short Sell Yes
Bid/Ask Midpoint and NAV History (Since Inception)
 
Past performance is not indicative of future results.
Current Fund Data (as of 7/29/2010)
Closing Share Price $26.84
Bid/Ask Midpoint $26.58
Closing NAV $26.63
Bid/Ask Discount 0.18%
Total Net Assets $6,657,082
Common Shares Outstanding 250,002
Dividend Frequency Semi-Annual
Dividend per Share Amt1 $0.0757
Daily Volume 1,245
Average 30-Day Daily Volume 3,196
Closing Share Price 52-Week High/Low $33.88 / $23.92
Closing NAV 52-Week High/Low $33.80 / $24.04
Number of Stocks 25
Top 10 Holdings (as of 7/30/2010)
Holdings Percent (%)
Johnson Matthey Plc 8.24
Impala Platinum Holdings Limited 7.72
Lonmin Plc 7.31
MMC Norilsk Nickel JSC (ADR) 7.06
Anglo Platinum Limited 6.74
Aquarius Platinum Ltd. 5.64
Xstrata Plc 4.77
Stillwater Mining Company 4.72
African Rainbow Minerals Ltd. 4.66
Northam Platinum Ltd. 4.54
Sector Breakdown (as of 7/30/2010)
Information Technology 3.70%
Materials 96.30%

Fund Characteristics (as of 6/30/2010) 2
Median Market Cap. $461
Maximum Market Cap. $38,993
Minimum Market Cap. $157
Price/Earnings 27.35
Price/Book 1.86
Price/Cash Flow 14.48
Price/Sales 1.80
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended 0-49
Basis Points
50-99
Basis Points
100-199
Basis Points
>=200
Basis Points
6/30/2010 26 23 3 1
3/31/2010 7 7 0 0
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended 0-49
Basis Points
50-99
Basis Points
100-199
Basis Points
>=200
Basis Points
6/30/2010 10 0 0 0
3/31/2010 0 0 0 0

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.

Month End Performance   (as of 6/30/2010) 
  3 Mos YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception3
 Fund Performance *
NAV -21.36% N/A N/A N/A N/A N/A -18.71%
After Tax Held -21.45% N/A N/A N/A N/A N/A -18.80%
After Tax Sold -13.89% N/A N/A N/A N/A N/A -12.16%
Market Price -21.89% N/A N/A N/A N/A N/A -18.58%
 Index Performance **
ISE Global Platinum Index -20.18% N/A N/A N/A N/A N/A -17.12%
MSCI All Country World Materials Index -15.37% N/A N/A N/A N/A N/A -12.91%
MSCI All County World Index -12.12% N/A N/A N/A N/A N/A -10.61%
Quarter End Performance   (as of 6/30/2010) 
  3 Mos YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception3
 Fund Performance *
NAV -21.36% N/A N/A N/A N/A N/A -18.71%
After Tax Held -21.45% N/A N/A N/A N/A N/A -18.80%
After Tax Sold -13.89% N/A N/A N/A N/A N/A -12.16%
Market Price -21.89% N/A N/A N/A N/A N/A -18.58%
 Index Performance **
ISE Global Platinum Index -20.18% N/A N/A N/A N/A N/A -17.12%
MSCI All Country World Materials Index -15.37% N/A N/A N/A N/A N/A -12.91%
MSCI All County World Index -12.12% N/A N/A N/A N/A N/A -10.61%
*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost. You can obtain performance information which is current through the most recent month-end by visiting ftportfolios.com.
After Tax Held Returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold Returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price Returns are based on the midpoint of the bid/ask spread. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The fund's performance reflects fee waivers and expense reimbursements, absent which performance would have been lower.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
**Past performance is not a guarantee of future results. Performance information for the ISE Global PlatinumTM Index is for illustrative purposes only and does not represent actual fund performance. No representation is being made that any investment will achieve performance similar to that shown. The index does not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index. All Index returns assume that dividends are reinvested when they are received.

The MSCI All Country World Index Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets.

The MSCI All Country World Materials Index is a free float-adjusted market capitalization weighted index that is designed to measure the materials sector performance of developed and emerging markets.
Footnotes
1 Most recent distribution paid or declared through today's date. Subject to change in the future.
2 All market capitalization numbers are in US$ Millions.
3 Inception Date is 3/11/2010

Downloads and Links to Recently Posted Fund Information
First Trust Exchange-Traded Fund II 19a-1 Notice - 6/30/2010
Prospectus
Statement of Additional Information
Link to SEC Filings
Click here to view all the downloads for this fund.

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or contact First Trust Portfolios, L.P. at 1-800-621-1675 to request a prospectus, which contains this and other information about the fund. Read it carefully before you invest.

Risk Considerations:
The fund's shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular stock owned by the fund, fund shares or stocks in general may fall in value.

The fund's return may not match the return of the ISE Global PlatinumTM Index. You should anticipate that the value of the fund's shares will decline more or less in correlation with any decline in the value of this index. The fund may not be fully invested at times. Securities held by the fund will generally not be bought or sold in response to market fluctuations. The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from the fund by authorized participants, in very large creation/redemption units.

Securities in the fund may be significantly impacted by competitive pressures in the PGM mining industry and the price of PGMs. The fund's shares may experience volatility because the price of PGMs may fluctuate substantially over short periods of time. Moreover, the index tracks companies involved in the PGM mining industry and not the price of PGMs. The securities of companies involved in the PGM mining industry may under- or over-perform the price of PGMs over the short-term or the long-term. Because a vast majority of the world's PGM production occurs in Russia and South Africa, the Fund's Share price may particularly sensitive to any adverse political or economic developments affecting these countries.

Because of the decline in demand and reduction in sales experienced by the global automotive industry the price of PGMs may be negatively affected. PGM companies are also subject to risks associated with the exploration, development and production of PGMs, including competition for land, difficulties in obtaining required governmental approval to mine land, inability to raise adequate capital, increases in production costs and political unrest in nations where sources of PGMs are located, particularly Russia and South Africa.

The fund invests significantly in companies involved in the materials sector. Risks of the materials sector include the general state of the economy, consolidation, domestic and international politics, excess capacity, volatility of commodity prices, import controls, and depletion of resources.

An investment in a fund containing equity securities of foreign issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries.

The fund is classified as "non-diversified." A non-diversified fund generally may invest a larger percentage of its assets in the securities of a smaller number of issuers. As a result, the fund may be more susceptible to the risks associated with these particular companies, or to a single economic, political or regulatory occurrence affecting these companies.

The First Trust ISE Global Platinum Index Fund is not sponsored, endorsed, sold or promoted by the International Securities Exchange (ISE). ISE makes no representation or warranty, express or implied, to the owners of the fund or any member of the public regarding the advisability of trading in the fund. ISE's only relationship to First Trust is the licensing of certain trademarks and trade names of the ISE and of the ISE Global PlatinumTM Index which is determined, composed and calculated by ISE without regard to First Trust or the fund.

Not FDIC Insured * Not Bank Guaranteed * May Lose Value

 
 
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan
Copyright © 2010 All rights reserved.